In 2021, the Federal Reserve declared that none of the 13 counties that make up the metro Atlanta area qualified as affordable housing markets. In these areas, monthly housing costs often consume more than 40% of homeowners' incomes, exceeding the 30% threshold that the Federal Reserve uses to measure market affordability. This lack of affordable housing has had significant consequences for residents of the metro Atlanta area, as many are unable to afford the cost of housing and are struggling to make ends meet. The Federal Reserve's declaration highlights the need for solutions to address the affordable housing crisis in metro Atlanta and other areas of the country.

Over the past decade, the median price for housing in Atlanta has doubled, making it one of the most over inflated housing markets in the US according to one study. The suburbs of Atlanta, which are among the fastest-growing regions in the country, have experienced a 43% increase in median home prices just since 2020. However, median income in these areas only grew by 1.7% during that same time period. This significant gap between rising housing costs and stagnant income growth has made it difficult for many residents of Atlanta and its suburbs to afford housing, leading to a housing affordability crisis in the region.

Gentrification and accelerating housing prices have been an issue in many cities across the country, especially since the foreclosure crisis. As of November 2022, the average apartment rent in Atlanta, GA is $1,061 for a studio, $1,427 for one bedroom, $1,455 for two bedrooms, and $1,604 for three bedrooms. Apartment rent in Atlanta has increased by 11.3% in the past year. 

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